why is the value of the dollar going down.
what should we egyptians do with our dollars ?
2007-10-31 10:52:49 · 9 answers · asked by Moonrise 7 in Travel ➔ Africa & Middle East ➔ Egypt
It is not known why the dollar is going down. It can be intentionally done so that the American products are sold abroad more easily. Since the real reason is not known, it is hard to predict what is going to happen, and it follows that any advice given at the moment is not based on valid analysis. Follow your heart.
2007-11-02 22:05:42 · answer #1 · answered by Balsam 6 · 0⤊ 0⤋
YEEES ;and exactly for the same reasons that zoser said; for it's now a very clear policy of the American government to keep the dollar at a lower rate for at least the next to fiscal quarters(six month) trying to help the lately embattled economy against countries keeping their currencies at a very low rate like Chinese yuan or Euro
##zoser why does it have to be off shore??????
@zoser;;"((I said the dollar is expected for further decline by the year's end, but the most decline has been there already"))
that's where u r wrong coz the worst is yet to come specially with the decision to decrease the interest rate on $ savings that is expected combined with growing problems facing American economy with the current administration
2007-10-31 12:35:41 · answer #2 · answered by samy 3 · 0⤊ 1⤋
It will rise again honey, it's a country with no economy, no exports, no future plans no long run projects, so the dollar jump high soon don't worry
Hey! do u want to buy some dollars ?
Seriously kidding
2007-10-31 22:55:10 · answer #3 · answered by Fel Fel 3 · 2⤊ 0⤋
You better sell all your dollars before the end of this year any way. You can invest in shares or buy Euros.
2007-10-31 14:49:46 · answer #4 · answered by Wise Heart 7 · 0⤊ 1⤋
I agree with zoser , don't sell now or buy euros or gold both will go down the next 6 months and more the next year .
2007-10-31 18:19:14 · answer #5 · answered by hasafer 7 · 2⤊ 0⤋
because the governmental economic is going better, so the value of the Egyptian pound are going up.
don't ever sell hard currency unless you need money
2007-10-31 20:30:38 · answer #6 · answered by Anonymous · 2⤊ 0⤋
No dont your dollars if they are for saving. Invest in Shares yourself or let the bank manage it for you.
.
2007-10-31 17:49:21 · answer #7 · answered by Sultan Shalfat the Adventurer 5 · 1⤊ 0⤋
speak of yourself..what dollars are you talking about? i haven't seen any!
2007-11-01 07:29:17 · answer #8 · answered by Kalooka 7 · 2⤊ 0⤋
Ok, I will sell my dollars. All three of them.
2007-10-31 11:03:54 · answer #9 · answered by Ismaily Rules 4 · 13⤊ 1⤋